Securitization Administration Manager

Join a Challenger
At EQ, we’re remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.We’ve been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.What’s kept us moving?
The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.If you’re driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you!We can’t wait to get to know you!The Manager, Securitization Administration will be responsible for the effective and efficient accounting and reporting of the Bank’s securitization programs. Responsibilities will include executing new securitization issuances and ongoing administration, preparing monthly investor reports, accounting, and financial analysis. This role requires the individual to possess a high degree of knowledge, experience, and well developed interpersonal, communication and leadership skills. The role will require comprehensive skills to interpret and analyze financial data. The position will also require a candidate to have experience in the area of data and systems management. The Manager, Securitization will work closely with internal and external stakeholders including the Bank’s Accounting group, Capital Markets and Treasury departments, CMHC, Computershare, strategic business partners, third party service providers, and the Bank’s external auditors. Strong organization and multi-tasking skills are a must. The individual should be able to work independently, take initiative, and have good attention to detail.The work!
Focusing on the accounting, reporting, and financial analysis of the Bank’s securitization activities.Develop a strong understanding of securitization profit calculations and accounting.Follow established accounting practices to ensure that the financial and operating reports accurately reflect the condition of the securitization business in accordance with accounting standards.Assist with the routine accounting processes for the securitization activities of both Equitable Bank and Equitable Trust;
ensuring timely and accurate accounting and reporting of financial resultsOversee the accounting for creation, issuance, and settlement of new NHA MBS poolsOversee daily cash tracking and balancing of servicer partners, including bank reconciliationsEnsure timely and accurate accounting and reporting on Covered Bonds activities.Support the monitoring of securitization regulations to identify new or changing requirements, evaluate the applicability of the requirements to the Bank, and then assisting with the modification or establishment of new data sources/systems/processes to accommodate and comply with the requirementsProvide support to the Accounting group, assisting them with their mandate in establishing appropriate accounting for the Bank’s securitization activities;
including NHA MBS and Covered Bonds.Key contributor to the financial statement close process through the preparation of monthly accounting schedulesAssist in the preparation of month-over-month variance analysis in financial results and program profitabilityAssist with the preparation of financial statements notes and other disclosure requirements on a quarterly basisRespond to accounting inquiries, providing ad hoc analysis for use in management decisionsSupport compliance interactions with government agencies and external auditors, including reviews, audits and other communicationsIdentify opportunities for process improvement and assist in the implementation of recommended changes, including training of team members.Support new securitization initiatives by working closely with Capital Markets and other relevant stakeholdersEnsure effective and efficient staff performance by providing ongoing support and guidance, as well as coordinating, scheduling, and reviewing the contribution of direct reportsLiaise with other departments and external stakeholders. Internal interactions may include but are not limited to Accounting group, Capital Markets, Treasury, Prime Single Family and Commercial Lending, Compliance and Internal Audit, IT, BA and Project Management, and Financial Planning and AnalysisExternal interactions may include but are not limited to Strategic partners and service providers, CMHC, Computershare, and external auditorsKnowledge/Skill Requirements:
Post-secondary education and professional designation in Accounting (CPA)A minimum of 5 years of experience in accounting or financial reporting at a financial institution, with at least 2 years in a leadership roleKnowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an assetStrong technical aptitude, with a proven understanding of cash flow modelingPossesses strong leadership skills with an ability to work independently, influence and engage across the organizationExperience with execution of complex financial reporting requirements, preferably securitization relatedExperience in the mortgage industry and securitization preferredExperience with data management and reporting systemsExperience in process development and controls managementSpecific Attributes
Possesses strong analytical abilities and very detailed orientedOutstanding interpersonal skills with ability to build solid relationships with other members of the Finance department, business unit representatives, and internal and external stakeholdersExcellent verbal and written communication skills, with the ability to communicate clearly and conciselyStrong organizational skills with the ability to prioritize multiple tasks and meet tight deadlines within a fast-paced environmentIndependent thinker and self-starter who will be able to work independent and exercise good professional judgmentAbility to identify and drive process improvements, maintaining a strict control environmentProficient computer skills (advanced Microsoft Excel, Access, Word, and accounting systemsJob Complexities/Thinking Challenges:
The ability to learn quickly and develop knowledge and understanding of mortgage securitization through the CMHC NHA MBS and CMB programsThe Manager, Securitization must be comfortable with complex and nuanced transactions that require innovative thinking and the development of tailored/customized solutionsThe Manager, Securitization is expected to develop a strong understanding of the Bank’s securitization operations and accountingStrong process related skills would be beneficial to identify and assess process improvement opportunities and assist with the development and execution of solutionsMust be able to communicate clearly and provide thoughtful insightsAccountability
The incumbent will operate under the management and guidance of the Director, Securitization, assisting in the effective management of nearly $40 billion securitized mortgage portfolio contributing approximately $100 million to the Bank’s income.The incumbent will work closely with the following stakeholders:Senior Director, Finance and the accounting team on accounting policy and financial reportingManaging Director, Capital Markets in coordinating the Bank’s securitization activitiesSenior Director, Financial Planning & Analysis in the development and maintenance of portfolio and profitability analysisThe Manager, Securitization will be accountable for:Meeting the organization’s expectations for productivity, quality, and objectivesContributing to a team culture that works collaboratively with internal and external stakeholdersWorking with the team to collectively deliver on the team’s goalsParticipating in target setting, regular touch base meetings, performance development planning, and formal semi-annual performance reviewsAll reporting is extremely time sensitive and can directly impact the Bank’s funding programs.Physical Demands / Working Conditions
Normal office environment with no physical demands. However, there is substantial pressure, at times, placed on the incumbent due to the time sensitivity of certain transactions and reporting requirements. Hybrid work environment with 3 days in office required per week.What we offer [For full-time permanent roles]
Competitive discretionary bonusMarket leading RRSP match programMedical, dental, vision, life, and disability benefitsEmployee Share Purchase PlanMaternity/Parental top-up while you care for your little oneGenerous vacation policy and personal daysVirtual events to connect with your fellow colleaguesProfessional development and comprehensive Career Development programA fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experienceEquity, Diversity & Inclusion
EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger and our people thrive when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.We provide a barrier-free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.
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